Cholla Companys standard fixed overhead rate is based on budgeted fixed manufacturing overhead of $23,400 and budgeted production of 20,000 units. Actual results for the month of October reveal that Cholla produced 18,000 units and spent $21,250 on fixed manufacturing overhead costs.

5. value 1.29 points Cholla Company's standard fixed overhead rate is based on budgeted fixed manufacturing overhead of 23,400 and budgeted production of 20,000 units. Actual results for the month of October reveal that Cholla produced 18,000 units and spent $21,250 on fixed manufacturing overhead costs Calculate Cholla's fixed overhead rate and the fixed overhead volume variance. (Round "Fixed Overhead Rate" to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) per Unit Fixed Overhead Rate Fixed Overhead Volume Variance